September 2018 Housing Supply September-Housing-Supply-Report
Housing Supply Overview
A RESEARCH TOOL PROVIDED BY SOUTH CAROLINA REALTORS®
September 2018
According to a recent study by Fannie Mae, 24 percent of Americans feel
that now is a good time to buy a house. That number was 54 percent five
years ago. Feelings change rapidly when incomes do not match well with
home prices and frustration sets in. For the 12-month period spanning
October 2017 through September 2018, Pending Sales in the Hilton Head
region were up 19.0 percent overall. The price range with the largest gain in
sales was the $650,001 and Above range, where they increased 29.1
percent.
The overall Median Sales Price was up 6.3 percent to $313,453. The property
type with the largest price gain was the Condos / Villas segment, where
prices increased 7.0 percent to $226,800. The price range that tended to sell
the quickest was the $100,001 to $225,000 range at 110 days; the price
range that tended to sell the slowest was the $650,001 and Above range at
198 days.
Market-wide, inventory levels were down 0.5 percent. The property type that
gained the most inventory was the Condos segment, where it increased 6.9
percent. That amounts to 5.2 months supply for Single-Family homes and 4.9
months supply for Condos.
Quick Facts
+ 29.1% + 23.8% + 21.1%
Price Range With the
Strongest Sales: Bedroom Count With
Strongest Sales: Property Type With
Strongest Sales:
$650,001 and Above 4 Bedrooms or More Single-Family
Pending Sales
Days on Market Until Sale
Median Sales Price
Percent of List Price Received
Inventory of Homes for Sale
Months Supply of Inventory
2
3
4
5
6
7
Current as of October 10, 2018 Data © 2018 MLS of Hilton Head. All Rights Reserved. Provided by the Hilton Head Area Association of REALTORS® and South Carolina REALTORS®. Report © 2018 ShowingTime. | 1